New joint venture SGTWO will offer
April 8, 2019, Aachen, Germany
Today Saint-Gobain Germany and RIB Software SE announced the formation of a new joint venture SGTWO. For RIB, the 100% subsidiary YTWO will act as
SGTWO, a public company under the laws of Germany (Aktiengesellschaft), combines
The joint venture with RIB is
Raimund Heinl, CEO of Saint-Gobain Germany and Austria said,
With RIB, we have found an extremely strong and experienced partner for our strategy to put digital at the heart of our business. With SGTWO, we are creating a new planning experience for our customers using
latesttechnological advances, such as BIM and AI. We are very pleased to launch this new and exciting business as reference for our ongoing Growth strategy.
Tom Wolf, CEO of RIB Software SE said,
In our mission to digitalize the construction industry’s ecosystem, we have found in Saint-Gobain a like-minded partner, with an unmatched history of growth, innovation
andsuccess in building materials. Saint-Gobain and RIB share a commitment to make construction more efficient, more sustainable and more productive. We are extremely proud to be forming this new venture with SaintGobain.
Saint-Gobain is present in 67 countries with more than 180 000 employees. Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
About RIB Group
RIB Software SE is an innovator in building and construction industry. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB’s flagship cloud-based platform, provides the world’s first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and brining in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 1,200 talents in more than 30 locations worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.
Established in 2016, YTWO combines the 5D BIM technology with sophisticated supply chain management (SCM) expertise, offering a fully integrated end-to-end cloud-based 5D BIM enterprise platform to support the building and housing industries worldwide. The digitalized and industrialized working process can generate savings and benefits of up to 30%.